
Mortgage News
RBNZ could relax LVR rules: Westpac
Monday 31st of March 2014
In their latest Weekly Commentary, they say that deputy governor Grant Spencer’s speech last week indicated that the Bank had been surprised by the level of response to the rules.
“The RBNZ’s latest estimates put the impact of LVR restrictions as equivalent to a 25-50 basis point increase in the OCR, which is a touch stronger than the Bank’s initial assessment.”
The economists sai...
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